CVX vs PVL: Which Is the Better Dividend Stock?
As of Oct 27, 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. PVL offers the higher yield at 11.85%, CVX has the higher dividend-safety score, and PVL looks like the better value (its fair-value estimate is 37% above its share price).
Key facts: CVX vs PVL
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Permianville Royalty Trust (PVL) has the higher forward dividend yield at 11.85%, versus 3.07% for Chevron Corporation (CVX).
- As of Oct 27, 2026, SmarterDividends grades CVX's dividend safety A (95/100) and PVL's C (50/100).
- By SmarterDividends' count as of Oct 27, 2026, CVX has raised its dividend for 38 consecutive years and PVL for 2.
- As of Oct 27, 2026, CVX pays out 67% of its earnings as dividends and PVL pays out 101%.
- As of Oct 27, 2026, CVX's fair-value estimate is 52% below its share price and PVL's fair-value estimate is 37% above its share price, so PVL looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVX vs PVL: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/cvx-vs-pvl
| Metric | CVX | PVL |
|---|---|---|
| Forward yield | 3.07% | 11.85% |
| Annual dividend | $7.12 | $0.21 |
| Payout ratio | 67% | 101% |
| Years of growth | 38 yr | 2 yr |
| 5-yr dividend growth | 5.8% | 2.9% |
| 5-yr total return | 107% | -14% |
| Dividend safety score | 95 (A) | 50 (C) |
| Fair value estimate | $111.37 | $2.45 |
| Upside to fair value | -52% | +37% |
| Frequency | quarterly | monthly |
| Market cap | $455.1B | $58.7M |
| P/E ratio | 22.3 | 9.9 |
Higher yield
PVL
11.85%
Safer dividend
CVX
Grade A
Faster growth
CVX
5.8%
Better value
PVL
+37% upside
CVX vs PVL — FAQ
Is CVX or PVL a better dividend stock?
On the data, CVX wins more head-to-head categories (6 vs 2). PVL offers the higher yield (11.85%), while CVX has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, CVX or PVL?
PVL has the higher forward dividend yield at 11.85%, versus 3.07% for CVX.
Is CVX or PVL safer?
CVX has the higher dividend-safety score (95/100 vs 50/100), reflecting stronger payout coverage and dividend-growth history.
Is CVX or PVL better value right now?
As of Oct 27, 2026, PVL looks like the better value: its fair-value estimate is 37% above its share price (undervalued). For CVX, its fair-value estimate is 52% below its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.